Form 4: Saba Capital Management Sells 10,480 Shares of Eaton Vance California Municipal Income Trust
SEC Form 4
Saba Capital Management, a 10% owner of Eaton Vance California Municipal Income Trust, disposed of 10,480 shares of common stock on September 24, 2024, at a price of $10.81 per share.
Summary
- On September 24, 2024, Saba Capital Management, L.P. sold 10,480 shares of Eaton Vance California Municipal Income Trust (CEV) common stock.
- The shares were sold at a price of $10.81 per share.
- Following the transaction, Saba Capital Management, L.P. indirectly beneficially owns 826,128 shares of CEV.
- Boaz Weinstein, also listed as a reporting person, is associated with Saba Capital Management.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (like 10% owners) trade shares of their company. This provides transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of transaction: Saba Capital Management sold shares of CEV. |
| 09/26/2024 | Date of signature for the Form 4 filing. |
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